Sharia governance

Sharia Compliance

We are committed to complying with Sharia governance practices such as (but not limited to) the establishment of a Sharia Committee, independence of pronouncement, administration of Sharia audit and Sharia reporting.

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Sharia Governance

We have appointed Shariyah Review Bureau (SRB) to help us adhere to the best practices and guidelines on Sharia governance.

Sharia governance support
SRB facilitates Sharia related discussions, product research and Sharia reporting across the organization.
Independent Sharia Committee
SRB helps establish and maintain a qualified and independent Sharia Committee.
Sharia reviews and audits
SRB coordinates Sharia reviews and supervises the Sharia audit to verify compliance.
Product compliance
SRB supports product development and ensures relevant products are approved and certified by the Sharia Committee.
Ongoing Sharia alignment
SRB helps ensure relevant products and services remain in line with Sharia principles and the rulings of the Sharia Committee.

Sharia Individual

For the purpose of effective Sharia governance and supervision, a renowned and qualified Sharia scholar has been assigned. The Sharia scholars independently issue pronouncements, and these rulings are binding on us. The names of the Sharia Committee members are provided below:

Sheikh Dr. Abdullah Bin Khalid Al Johar

Sharia Advisor

Sheikh Dr. Abdullah Bin Khalid Al Johar is a Saudi academic and Sharia consultant specializing in comparative jurisprudence, contracts, and contemporary financial transactions, with more than 13 years of academic and advisory experience. He currently serves as Assistant Professor of Jurisprudence at King Faisal University's College of Sharia and Islamic Studies and has previously taught at Imam Muhammad Ibn Saud Islamic University.

He provides Sharia and legal consultancy to academic, financial, and research institutions and serves as an arbitrator in commercial and financial disputes. He holds a PhD in Jurisprudence from Imam Muhammad Ibn Saud Islamic University, with research focusing on dependency in financial transactions, alongside a Master's and Bachelor's in Sharia and Comparative Jurisprudence. His research interests include Sukuk, hedging, risk management, Murabaha and Mudaraba structures, financial contracts, Zakat jurisprudence, Islamic legal maxims and objectives, and contemporary financial markets. He is also certified by the Chartered Institute of Arbitrators (CIArb), UK, and has undertaken advanced training in Islamic banking, cooperative insurance, and financial product development.

He actively serves on Sharia Boards and provides Sharia advisory oversight to institutions across the insurance, financing, investment fund, and fintech sectors.